Business

Deals

Hungarian competition regulator starts banking market probe

Hungary's Competition Office said it started an investigation of the country's banking market to determine whether lenders make it too...

Telco

Magyar Telekom quarterly net seen rising on new units: outlook

Magyar Telekom Nyrt, Hungary's former phone monopoly, may report higher Q4 profit next week as revenue rose from the purchase...

Automotive

Skoda, a joke no more, joins Audi in driving Volkswagen profit

Volkswagen AG executives used to consider Skoda cars so dangerous they refused to drive them....

Pharma

Egis Q1 profit slumps 80% on Russia, strong forint – extended

Egis Nyrt., the Hungarian drugmaker majority owned by France's Laboratoires Servier, said fiscal Q1 profit slumped 80%, hurt by changes...

Automotive

Hyundai Motor to start work on Czech plant in April

Hyundai Motor Co., South Korea's largest automaker, plans to hold a ceremony to start its delayed $1 bln (€770 million)...

Deals

Croatian asset-sales agency sells stakes in nine companies

Croatia's asset-sales agency sold minority stakes in nine companies, including seed manufacturer BC Institut d.d. Zagreb and meat producer Puris...

Automotive

BMW, Audi vehicle sales rise as luxury sales head to a record

Bayerische Motoren Werke AG, the world's largest maker of luxury cars, and rivals Audi and Mercedes reported increases in vehicle...

Deals

Sitronics raises $402 mln in initial share sale

OAO Sitronics, the technology unit of Vladimir Yevtushenkov's AFK Sistema, raised $402 mln in an initial public offering, the fifth...

Sustainability

Property boom hits Poland as European investors go east

Poland has jumped to the top of the European house price growth league table after property values there soared 33%...

Automotive

Car industry facing 18% CO2 cut

The European Commission is proposing forcing carmakers to make an 18% cut in CO2 emissions from new cars by 2012....

Deals

E.ON may sell Gazprom stake to finance Endesa bid

E.ON AG may sell its 6.4% stake in Russia's state-run natural-gas company, OAO Gazprom, to finance a €41 billion ($53...

Automotive

Profits motoring ahead at Toyota

Japanese car firm Toyota has said it is set for an eighth year of record earnings, after reporting a 19%...

Automotive

Porsche rails at emissions caps that favor Ghosn’s smaller cars

Porsche AG is under threat from the drive to combat global warming, CEO Wendelin Wiedeking says....

Pharma

GE expects sales in Southeast Asia to outpace economic growth

General Electric Co., the world's second-biggest company, said its sales in Southeast Asia this year will outpace the region's economic...

Competition

Austria investigates elevator companies for cartel

Austrian regulators are probing elevator and escalator makers, including Schindler Holding AG, for operating a possible price-fixing cartel starting in...

Appointments

Géza Palocsay Named Managing Director of Douglas Central Europe

Géza Palocsay has been appointed managing director of Douglas Central Europe, overseeing the beauty retailer’s operations in Hungary, the Czech...

Residential

Budapest Castle District Voters Back Short-Term Rental Ban

Nearly 59% of participants in an online vote in Budapest’s District I supported a complete ban on short-term rentals, Castle...

Real Estate

Erste Real Estate Investment Fund Buys H2Offices

Skanska has agreed to sell the second phase of its H2Offices complex to Erste Open-Ended Real Estate Investment Fund, represented...

Retail

Aldi Cuts Selection and Prices, Shifts toward Stricter Discount Model

Aldi has reduced its food assortment from 2,600 to 2,100 products as part of a data‑driven cleaning process that keeps...

Business

Working for a Competitive Advantage – The Latest Issue of the BBJ

Róbert Keszte became president of the German-Hungarian Chamber of Industry and Commerce (DUIHK) in 2025. In an interview with the...

Real Estate

Investors Becoming More Selective as Markets Rebound

Commercial real estate investment across the CEE-6 markets reached EUR 5.8 billion for H1 2026 compared with EUR 5.4 bln...

Géza Palocsay Named Managing Director of Douglas Central Europe

Géza Palocsay has been appointed managing director of Douglas Central Europe, overseeing the beauty retailer’s operations in Hungary, the Czech...

Continest and Sweden’s Flexotrap Join Forces on Modular Shooting Ranges

As defense spending grows in importance across Europe following Russia’s full-scale invasion of Ukraine, local firm Continest Technologies Plc. and...

Hungary’s Housing Costs Drive Buyers Toward Garden Plots and Former Wine Cellars

Rising house prices and living costs are pushing more buyers toward properties on Hungary’s outlying garden plots and vineyard land,...

Budapest Castle District Voters Back Short-Term Rental Ban

Nearly 59% of participants in an online vote in Budapest’s District I supported a complete ban on short-term rentals, Castle...

What Might Dogs Reveal About Human Communication?

A Hungarian-led research team working out of the Department of Ethology at ELTE in Budapest is working to discover what...

Erste Real Estate Investment Fund Buys H2Offices

Skanska has agreed to sell the second phase of its H2Offices complex to Erste Open-Ended Real Estate Investment Fund, represented...

Hungary Retail Sales Rise 2.4% in August

Hungary’s retail sales volume increased 2.4% year on year in August but fell 0.7% from July, according to data from...

Hungarian EV Market Continues to Grow, Leading CEE

Electromobility in Hungary continues to grow. In the first half of the year, 7,497 new all-electric passenger cars were registered,...

GTA VI Preview Sends Hungarian Console Interest Surging

Clicks from Hungarian price comparison site Árukereső to online console retailers rose roughly sevenfold the day after the Aug. 27...

Aldi Cuts Selection and Prices, Shifts toward Stricter Discount Model

Aldi has reduced its food assortment from 2,600 to 2,100 products as part of a data‑driven cleaning process that keeps...

18,000 Truck Drivers Near Retirement, Hungary Faces Shortage

Europe currently has more than 500,000 unfilled truck‑driver positions, and another 600,000 drivers are expected to reach retirement age in...

Working for a Competitive Advantage – The Latest Issue of the BBJ

Róbert Keszte became president of the German-Hungarian Chamber of Industry and Commerce (DUIHK) in 2025. In an interview with the...

Hungary’s Industrial Producer Prices Rise 4.8% as Energy Export Prices Surge

Hungary’s industrial producer prices rose 4.8% year-on-year in August and 2.9% from July, with energy export prices climbing sharply amid...

Szentkirályi to Take Over Almdudler Distribution in Hungary From January.

Szentkirályi Magyarország is set to take over Hungarian distribution of popular Austrian herbal soft drink Almdudler on January 1, 2027....

Investors Becoming More Selective as Markets Rebound

Commercial real estate investment across the CEE-6 markets reached EUR 5.8 billion for H1 2026 compared with EUR 5.4 bln...